Asset managers have been large sellers of EUR/USD after the FOMC minutes. The sales are unlikely to be related to anything the Fed or did not say but more having to do with the workflow within big asset management firms. The do their stock and bond trading in the morning and then do their FX coverage in the afternoons after netting out internal flows.
They’ve knocked EUR/US down to the low 1.3380s from about 1.3395…
